Regulatory Alerts2019-09-05
Draft Amendments to Policy Statement to Regulation 44-101 respecting Short Form Prospectus Distributions
The securities regulators amended Section 4.9 of Policy Statement to Regulation 44-101 to clarify the treatment of indirect acquisitions in short form prospectus distributions. The revision updates the criteria for determining whether an indirect acquisition is considered significant by referencing the proportionate interest provisions in Regulation 51-102. This change ensures consistent application of significant acquisition tests for issuers utilizing short form prospectus distribution mechanisms.
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